Kirk Vartanian pleaded no contest to one count of felony grand theft involving business dealings at his failed luxury car dealership earlier this year. In exchange, 14 other felony counts were dismissed.
The plea deal includes no prison or jail time for Vartanian, but he will serve five years probation and must complete 1,000 hours of community service. Vartanian must also pay nearly $800,000 in restitution to more than a dozen victims.
His attorney says he is trying to get the amount of restitution reduced.